Look East Policy: Southeast Asian Economic Integration of India (in English)
Economic reorganization and liberalization had paved India’s rapid future economic growth and international economic relations by adopting “Look East Policy” to promote economic integration with Southeast Asia. This paper examines the ways for regional economic cooperation between India and Southeast Asia. The analytical results show that foreign exchange reserve and foreign direct investment (FDI) of India were interrelated. There was a considerable contribution of foreign exchange reserve on FDI of India from 1991 to 2008. A closer economic tie with Southeast Asia requires a greater effort on India’s part to liberalize trade and investment.
Keywords: economic integration, regional, trade, growth
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